Jacobs Levy Equity Management Inc. Cuts Stock Position in StoneX Group Inc. (NASDAQ:SNEX)

Jacobs Levy Equity Management Inc. cut its stake in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 59.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,149 shares of the company's stock after selling 54,852 shares during the period. Jacobs Levy Equity Management Inc. owned 0.12% of StoneX Group worth $3,639,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. American Century Companies Inc. boosted its stake in StoneX Group by 17.7% in the 4th quarter. American Century Companies Inc. now owns 1,014,231 shares of the company's stock worth $99,364,000 after purchasing an additional 152,847 shares in the last quarter. Geode Capital Management LLC lifted its stake in StoneX Group by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 677,333 shares of the company's stock valued at $66,372,000 after acquiring an additional 6,076 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in StoneX Group by 2.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 521,073 shares of the company's stock valued at $51,050,000 after acquiring an additional 10,222 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in StoneX Group by 4.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 508,450 shares of the company's stock valued at $49,814,000 after acquiring an additional 20,928 shares during the period. Finally, Northern Trust Corp lifted its stake in StoneX Group by 9.9% during the 4th quarter. Northern Trust Corp now owns 335,456 shares of the company's stock valued at $32,865,000 after acquiring an additional 30,248 shares during the period. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, William Blair began coverage on shares of StoneX Group in a research note on Wednesday, March 26th. They set an "outperform" rating for the company.

StoneX Group Stock Performance

NASDAQ SNEX traded down $0.66 on Tuesday, hitting $87.95. 45,998 shares of the company's stock traded hands, compared to its average volume of 285,849. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33. StoneX Group Inc. has a 1-year low of $46.43 and a 1-year high of $97.17. The firm's 50-day moving average price is $81.29 and its two-hundred day moving average price is $74.51. The firm has a market capitalization of $4.30 billion, a PE ratio of 10.53 and a beta of 0.63.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.32 by $0.09. StoneX Group had a net margin of 0.26% and a return on equity of 16.83%. The business had revenue of $956.00 million during the quarter, compared to analysts' expectations of $907.30 million. As a group, analysts expect that StoneX Group Inc. will post 8.7 EPS for the current year.

Insider Activity

In other news, CEO Philip Andrew Smith sold 7,457 shares of StoneX Group stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $93.26, for a total transaction of $695,439.82. Following the completion of the transaction, the chief executive officer now directly owns 335,254 shares of the company's stock, valued at $31,265,788.04. The trade was a 2.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Moore Fowler sold 1,125 shares of StoneX Group stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $87.75, for a total transaction of $98,718.75. Following the transaction, the director now directly owns 116,735 shares of the company's stock, valued at approximately $10,243,496.25. This trade represents a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 130,082 shares of company stock valued at $11,021,613 in the last three months. 11.70% of the stock is currently owned by corporate insiders.

StoneX Group Company Profile

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services.